How it Works
When the EA is active, it analyzes the chart based on the Execution Mode parameter.
No existing positions on the chart:
- If the trend is bullish, the EA enters a buy trade.
- If bearish, it enters a sell trade.
- Sets a Stop Loss at a certain distance if the stop loss variable is > 0. (0 means no Stop Loss).
Existing positions with the last one in loss:
- The EA checks if the distance between the current market price and the order meets the minimum distance set by the user.
- It enters a trade based on the candle, calculates the lot size using the martingale method, and sets a Stop Loss if the variable is > 0.
EA Parameters Execution Mode:
- Every New Bar: Analyzes on every new candle; enters trades only after a new candle appears, following distance settings for the new layer.
- Every Tick: Enters trades immediately when attached and a new layer immediately when the order distance is met.
Positions Mode:
- Default mode: Buy & Sell.
- Optionally configured to operate only in Buy or Sell.
Analysis Method:
Determines the first trade direction if no positions exist. Options include:
- Classic Candle (Bull/Bear)
- SMA
Lot Management:
- Initial Lot Size: Defines the size for the first order.
- Martingale Multiplier: Increases lot size after the first trade based on the multiplier value.
Take Profit:
- Defines the Take Profit for the EA if configured.
Distance Settings Between Orders:
- Minimum/Maximum Distance: Defines the range between orders.
- Distance Increment Between Orders: Increases the distance for each additional layer.
Max Trade:
- Sets the maximum number of orders the EA can open in one direction.